Morocco has been ranked the most attractive mining investment destination in Africa and 18th globally out of 82 jurisdictions surveyed, according to the 2025 Annual Survey of Mining Companies published by Canada’s Fraser Institute.
The index evaluates regions based on geological potential and government policies affecting mining exploration and development.
Globally, Finland topped the ranking, followed by the U.S. states of Nevada and Alaska. Other high-ranking countries include Sweden, Norway, Saudi Arabia, and Turkey.
On the African continent, Botswana ranked second after Morocco, followed by Zambia, Namibia, Tanzania, Ghana, and Senegal. Ethiopia came last both continentally and globally.
The report combines geological attractiveness with key policy indicators such as tax regimes, infrastructure quality, and the regulatory environment.
The report noted that the mining industry continues to be a major driver of global economic growth, offering not only essential materials but also employment and substantial government revenues.
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